Soybean oil futures rebound on technical buying
Soybean oil futures closed higher on Thursday May 16 amid technical buying.
On Thursday, July soybean oil futures...
Chinese tanners continued to push for further hide price decreases due to high inventories of raw hides, wet blue and finished leather.
Argentina
Hide demand in Argentina was firm during the week to Thursday May 16.
A source reported that Argentinean cured steer hides were sold to Asian buyers for $12-$16 per piece CNF.
Brazil
Prices for wet blue full substance TR1 heavy hides from the state of Mato Grosso traded around $0.70-0.72 per square foot.
Mato Grosso had high...